Indiana

Thompson Thrift Opens 242-Unit Build-to-Rent Community in Suburban Indianapolis

by Kristin Harlow July 21, 2023

FISHERS, IND. — Thompson Thrift has opened Slate at Fishers District, a 242-unit build-to-rent community in the Indianapolis suburb of Fishers. The property, which is nearly 20 percent leased, is part of the master-planned Fishers District mixed-use development. Residences average 1,215 square feet and feature a mix of one-, two- and three-bedroom villas as well as three- and four-bedroom townhomes. Amenities include a clubhouse, fitness center, pool, bark parks and doggie spas. Monthly rents start at $1,699.

July 21, 2023

Indiana Loans Midwest Multifamily Seniors Housing

JLL Provides $7M Loan for Refinancing of Affordable Seniors Housing Property in Gary, Indiana

by Kristin Harlow July 21, 2023

GARY, IND. — JLL Capital Markets has provided a $7 million Freddie Mac loan for the refinancing of Gary Manor, a 198-unit age-restricted community in Gary, a city in Northwest Indiana. All the units are secured under a Housing Assistance Payments (HAP) contract. Built in 1980 and renovated in 2011, Gary Manor consists of a 12-story building for seniors age 62 and above as well as four walk-up buildings for families. Leif Olsen and Kristian Lichtenfels of JLL worked on behalf of the borrower, Monroe Group Limited and Steele Properties. The 10-year loan features a fixed interest rate.

July 21, 2023

Indiana Industrial Leasing Activity Midwest

Colliers Negotiates Two Leases at Industrial Park on Site of Former HH Gregg Headquarters in Indianapolis

by Kristin Harlow July 17, 2023

INDIANAPOLIS — Colliers has negotiated two new leases at 96th Street Commerce Park, a new industrial business park located on the site of the former HH Gregg headquarters in Indianapolis. Virginia Tile, a wholesale building materials supply vendor, leased 51,837 square feet to open a new showroom and finishing facility. Springfield Electric, an electrical supplies vendor, leased 28,817 square feet for its first location in the Indianapolis market. Jimmy Cohoat and Brian Zurawski of Colliers represented the landlord, Citimark.

July 17, 2023

Indiana Industrial Leasing Activity Midwest

Rockwell Automation Signs 369,449 SF Industrial Lease Renewal in Suburban Indianapolis

by Kristin Harlow July 14, 2023

WHITESTOWN, IND. — Rockwell Automation Inc. (NYSE: ROK) has signed a 369,449-square-foot industrial lease renewal at Anson8A within the AllPoints at Anson industrial park in Whitestown, a northern suburb of Indianapolis. The property is situated near the I-65 logistics corridor. Jimmy Cohoat and Jason Speckman of Colliers represented the landlord, CBRE Investment Management.

July 14, 2023

Indiana Industrial Leasing Activity Midwest

Adidas Signs 599,000 SF Industrial Lease Renewal in Indianapolis

by Kristin Harlow July 13, 2023

INDIANAPOLIS — Adidas has signed a 599,000-square-foot industrial lease renewal at 8677 Logo Athletic Court in Indianapolis. Adidas utilizes the property as a finishing facility and produces screen-printed team sport apparel for both professional and amateur teams around the world. Jason Speckman of Colliers represented the landlord, Link Logistics Real Estate. Jimmy Cohoat, Andrea Hopper and Billy Powers of Colliers represented Adidas.

July 13, 2023

Indiana Loans Midwest Multifamily

Maverick Commercial Mortgage Arranges $4M Loan for Refinancing of Indiana Multifamily Portfolio

by Kristin Harlow July 10, 2023

FRANKFORT AND ROSSVILLE, IND. — Maverick Commercial Mortgage Inc. has arranged a $4 million loan for the refinancing of an 81-unit multifamily portfolio in Frankfort and Rossville. A regional lending institution provided the 10-year, fixed-rate loan, which features one year of interest-only payments. The portfolio is 97 percent occupied. The borrower is based in Lafayette, Ind.

July 10, 2023

Indiana Leasing Activity Midwest Retail

Mega Markdowns Signs 14,814 SF Retail Lease in Fort Wayne, Indiana

by Kristin Harlow July 10, 2023

FORT WAYNE, IND. — Mega Markdowns has signed a 14,814-square-foot retail lease in Gateway Plaza in Fort Wayne. Dave Horacek of Bradley Co. represented the landlord, an entity doing business as FSCM Gateway LLC. The property is located at 1551 Goshen Road.

July 10, 2023

Acquisitions Indiana Midwest Retail

Mid-America Negotiates Sale of 312,406 SF Highland Grove Shopping Center in Suburban Indianapolis

by Kristin Harlow July 7, 2023

HIGHLAND, IND. — Mid-America Real Estate Corp. has negotiated the sale of Highland Grove in Highland, a northwest suburb of Indianapolis. The sales price was undisclosed. The 312,406-square-foot shopping center is fully leased. Tenants include Kohl’s, Burlington, Macy’s, Michaels, Petco, Ulta, Five Below, Famous Footwear, Potbelly, Torrid and Olive Garden. Target, Best Buy and Ashley Furniture shadow anchor the property. Ben Wineman, Joe Girardi and Rick Drogosz of Mid-America represented the undisclosed seller. Bridge33 Capital was the buyer.

July 7, 2023

Acquisitions Indiana Michigan Midwest Retail

Marcus & Millichap Arranges Sale of Two Childcare Properties in Indiana, Michigan

by Kristin Harlow July 7, 2023

AVON, IND. AND CANTON, MICH. — Marcus & Millichap has arranged the sales of two Childtime childcare properties in Avon, Ind., and Canton, Mich. The properties sold for $2.6 million each. Both had corporate guarantee from Learning Care Group and seven-year lease extensions. Dominic Sulo of Marcus & Millichap represented the seller, a limited liability company. Adrian Mendoza, Austin Weisenbeck and Sean Sharko of Marcus & Millichap secured and represented the buyer, a private investor.

July 7, 2023

Acquisitions Indiana Midwest Northmarq Retail

Northmarq Brokers Sale of 132,156 SF Clearwater Springs Shopping Center in Indianapolis

by Kristin Harlow July 5, 2023

INDIANAPOLIS — Northmarq has brokered the sale of the Clearwater Springs shopping center in Indianapolis for an undisclosed price. The 132,156-square-foot shopping center is located at 5151 E. 82nd St. Anchor tenants include Aldi, Haverty’s Furniture and Michaels. Additional retailers include Starbucks, Athletico, David’s Bridal and AT&T. Blaise Bennett of Northmarq represented the buyer, a Cincinnati-based private equity firm. Wes Podell of Podell Partners represented the undisclosed seller.

July 5, 2023

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